Battery X Metals Announces Closing of First Tranche of Non-Brokered Private Placement
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES
Battery X Metals Announces Closing of First Tranche of Non-Brokered Private
Placement
VANCOUVER, British Columbia – September 3, 2024 – Battery X Metals Inc. (CSE:BATX) (OTCQB:BATX)
(FSE:R0W, WKN:A3EMJB) (“Battery X Metals ” or the “Company”) announces it has closed the first
tranche of its previously announced non -brokered private placement (the “Private Placement ”) for
aggregate gross proceeds of $ 135,000. Pursuant to the Private Placement, the Company has issued
1,350,000 units (each, a “Unit”) at a price of $0.10 per Unit. Each Unit will consist of one (1) common
share (each, a “Share”) and one (1) common Share purchase warrant (each, a “Warrant”). Each Warrant
is exercisable into one (1) Share at an exercise price of $0. 10 until September 3, 2026. The remainder of
the Private Placement may close in one or more additional tranches.
The Company intends to use approximately $ 60,000 of the proceeds raised from the Private Placement
for general working capital purposes, and approximately $75,000 for current and anticipated payables.
The securities issued under the Private Placement will be subject to a statutory hold period in accordance
with applicable securities laws of four months and one day from the date of issue, expiring January 4,
2025. No finder’s fees will be paid in connection with the Private Placement.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the
United States, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation
or sale would be unlawful. The securities being offered have not been, nor will they be, registered under
the U.S. Securities Act of 1933, as amended (the “1933 Act”), or under any U.S. state securities laws, and
may not be offered or sold in the United States absent registration or an applicable exemption from the
registration requirements of the 1933 Act and applicable state securities laws.
About Battery X Metals Inc.
Battery X Metals Inc. (CSE:BATX) (OTCQB:BATXF) (FSE:R0W, WKN:A3EMJB) is dedicated to advancing the
clean energy transition through the development of proprietary lithium -ion battery technologies and
exploring domestic battery and critical metals resources. The Company and its portfolio companies focus
on testing and extending electric vehicle (EV) battery lif espan, recovering valuable battery metals from
end-of-life lithium-ion batteries, and exploring domestic battery and critical metals resources.
Battery X Metals owns 49% of Lithium -ion Battery Renewable Technologies Inc. (LIBRT), which develops
technology to improve EV battery longevity and health diagnostics. LIBRT holds the exclusive North
American license for BatteryMap AI, an AI model with a comprehensive patent portfolio for precise battery
monitoring and prediction, extensively trained on vast amounts of real-world data.
The Company's wholly-owned subsidiary, Battery X Recycling Technologies Inc., in collaboration with the
University of British Columbia (UBC), pioneers advanced EV battery metal recovery technologies. With a
focus on recovering battery -grade metals, includi ng lithium, nickel, cobalt, manganese, copper, and
graphite, from the residual material of shredded lithium -ion batteries known as black mass, utilizing an
eco-friendly proprietary froth flotation separation process.
Battery X Metals' Y Lithium Project in Northern Saskatchewan spans 5,855 hectares and shows significant
potential for lithium -cesium-tantalum pegmatites. The Company also owns the Nunavik, QC Leaf River
Project, and the Abitibi, QC Reservoir -Dozios Project , each covering approximately 3,500 hectares and
located near key lithium exploration sites. Additionally, Battery X Metals holds The Belanger Property
located in one of Canada’s most prolific gold mining districts, Red Lake, Ontario. Battery X Metals als o
holds an equity stake in Premier Silver Corp., which owns the Mallay Mine & Processing Plant in Peru. This
diversification enhances Battery X Metals' portfolio, offering opportunities in both battery and precious
metals sectors.
On Behalf of the Board of Directors
Massimo Bellini Bressi, Director
For further information, please contact:
Massimo Bellini Bressi
Chief Executive Officer
Email: [email protected]
Tel: (604) 741-0444
Neither the CSE nor its Market Regulator (as that term is defined in the policies of the CSE) accepts
responsibility for the adequacy or accuracy of this release).
Forward-Looking Information
This news release includes certain statements and information that may constitute forward -looking
information within the meaning of applicable Canadian securities laws. Forward-looking statements relate
to future events or future performance and reflect th e expectations or beliefs of management of the
Company regarding future events. Generally, forward -looking statements and information can be
identified by the use of forward -looking terminology such as “intends” or “anticipates”, or variations of
such words and phrases or statements that certain actions, events or results “may”, “could”, “should”,
“would” or “occur”. This information and these statements, referred to herein as “forward‐looking
statements”, are not historical facts, are made as of the date of this news release and include without
limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to
management's expectations and intentions with respect to , among other things, the expected use of
proceeds from the Private Placement.
In making the forward-looking statements in this news release, the Company has applied several material
assumptions, including without limitation, the assumption that the Company will use the proceeds from
the Private Placement as anticipated.
Although management of the Company has attempted to identify important factors that could cause
actual results to differ materially from those contained in forward-looking statements or forward-looking
information, there may be other factors that cause results not to be as anticipated, estimated or intended.
There can be no assurance that such statements will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such statements. Accordingly, readers shou ld not
place undue reliance on forward -looking statements and forward -looking information. Readers are
cautioned that reliance on such information may not be appropriate for other purposes. The Company
does not undertake to update any forward -looking statement, forward-looking information or financial
out-look that are incorporated by reference herein, except in accordance with applicable securities laws.